Sri Lanka, Nov. 26 -- The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on both domestic and global fronts.

The Board is of the view that the current monetary policy stance will support steering inflation towards the target of 5%.

Headline inflation based on the Colombo Consumer Price Index (CCPI) continued to accelerate in October for the third consecutive month.

Inflation is expected to rise more gradually than projected earlier and move towards the target by H2-2026. Core inflation is also expected to accelerate at a modest pace, as demand in t...